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Ellen Hovde, a documentarian who was one of the directors of “Grey Gardens,” the groundbreaking 1975 movie that examined the lives of two reclusive women living in a deteriorating mansion on Long Island and inspired both a Broadway musical and an HBO film, died on Feb. 16 at her home in Brooklyn. She was 97. Her death, which had not been widely reported, was confirmed last week by her children, Tessa Huxley and Mark Trevenen Huxley, who said the cause was Alzheimer’s disease. In 1969 she was a contributing editor on “Salesman,” a documentary by the Maysleses and Charlotte Zwerin that followed four salesmen as they peddled $49.95 Bibles door to door in New England and Florida. The next year she was an editor on “Gimme Shelter,” the documentary by the Maysleses and Ms. Zwerin that captured a Rolling Stones tour, including the concert at Altamont Speedway in Northern California in late 1969 at which a concertgoer was killed by a Hells Angel.
Persons: Ellen Hovde, , Tessa Huxley, Mark Trevenen Huxley, Hovde, Albert, David, , Charlotte Zwerin, Zwerin Organizations: HBO, Altamont Speedway Locations: “ Grey, Long, Brooklyn, New England, Florida, Northern California
North Carolina Gov. North Carolina ranks first in the all-important Workforce category of CNBC's study. Strong workers fuel GDP, solid state finances North Carolina's strong workforce helped feed its performance in other categories. "It's clear that the Republican legislature is aiming to choke the life out of public education," Cooper said on May 24. Abortion rights demonstrators gather to protest in Raleigh, North Carolina, after the Supreme Court's decision in the Dobbs v. Jackson Women's Health case, June 24, 2022.
Persons: Bosch, Roy Cooper, Joe Biden's, Melissa Sue Gerrits, Josh Wright, Charlotte, it's, You've, Wright, Cooper, Tricia Cotham, Cotham Organizations: State, Business, North Carolina, CNBC, North Carolina Gov, Getty, Apple, Triangle, Democrat, Raleigh, U.S . Labor Department, Commerce Department, Federal Housing Financing Agency, Census, ATTOM Data, Technology, Innovation, Capital, Republican, Republicans, General, Jackson, Anadolu Agency Locations: North Carolina, Lincolnton, Greensboro, Goldsboro, American, Durham, Wolfspeed, Durham , North Carolina, East Coast, America, Alaska, Massachusetts, North, Raleigh , North Carolina, Dobbs
KABUL, July 11 (Reuters) - The Taliban administration said on Tuesday all activities by Sweden in Afghanistan must stop after the burning of the Koran outside a mosque in the Swedish capital last month. The order was likely to affect the Swedish non-governmental organisation, the Swedish Committee for Afghanistan, which has thousands of aid workers at work throughout the country in health, education and rural development. An Iraqi immigrant to Sweden burned the Koran outside a Stockholm mosque last month, causing outrage in the Muslim world. The Swedish Committee for Afghanistan did not immediately respond to a request for comment on the Taliban order. The Taliban administration did not provide details on which organisations would be affected.
Persons: Zabiullah Mujahid, Mohammad Yunus Yawar, Charlotte Greenfield, Raju Gopalakrishnan Organizations: Swedish Committee, United, Thomson Locations: KABUL, Sweden, Afghanistan, Swedish, Emirate, Iraqi, Stockholm
July 11 (Reuters) - Bank of America on Tuesday agreed to pay $250 million in fines and compensation to settle claims the bank systematically double-charged customers fees, withheld promised credit card perks, and opened accounts without customer authorization. Consumers could not reasonably expect or understand they would be hit with $35 fees each time the bank declined to pay a single transaction, regulators said. In a statement, Bank of America said it voluntarily eliminated or reduced a range of fees last year. The accounts represented a "small percentage" of new accounts at the bank, regulators said. As a result of these industry leading changes, revenue from these fees has dropped more than 90 percent," Bank of America said in a statement.
Persons: Rohit Chopra, Rami Ayyub, Chris Prentice, Saeed Azhar, Jonathan Stempel, Emma Rumney, Michelle Price, Sharon Singleton, Emelia Organizations: Bank of America, Consumer Financial Protection Bureau, Currency, OCC, Thomson Locations: Charlotte , North Carolina
Median rent prices in these cities dropped by 0.5% in the last year, according to an analysis by Realtor.com. For renters, the decrease is a much-needed break after rent prices soared by nearly 25% from 2020 through most of 2021. This, alongside a growing number of newly constructed apartments, has likely driven down rent prices, the study says. At the same time, rent costs have steadily risen in many major Midwest and Northeast cities. In Columbus, Ohio, rent prices grew by 9.3% — the highest increase of all cities.
Persons: Warren Buffett Organizations: Riverside, San Bernardino -, Austin, Dallas, Fort Locations: Austin, Las Vegas, Phoenix, Vegas, San Bernardino, San Bernardino - Ontario, California, Georgetown , Texas, Francisco Bay, Tampa, St, Petersburg, Clearwater , Florida, Fort Worth - Arlington , Texas, Charlotte, North Carolina, Sacramento , California, Atlanta, Denver, Midwest, Northeast, Columbus , Ohio, New York City, Pittsburgh, Boston, Buffalo , New York, Hartford , Connecticut, New Orleans, Providence , Rhode Island, Rochester , New York
The S&P 500 added to slight gains before the close, with caution prevailing for much of the session ahead of Wednesday's consumer prices report and the start of second-quarter earnings later this week. That could shed light on the interest rate outlook, with many traders expecting the Fed to raise interest rates by 25 basis points this month. S&P 500 company earnings are due to unofficially kick off this week with reports from some big U.S. banks. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The S&P 500 posted 28 new 52-week highs and four new lows; the Nasdaq Composite recorded 59 new highs and 47 new lows.
Persons: Carl Icahn, Quincy Krosby, Brendan McDermid, decliners, Johann M Cherian, Saumyadeb Chakrabarty, Shinjini Ganguli, Richard Chang Organizations: Dow, Nasdaq, Federal Reserve, Fed, Financial, New York Stock Exchange, REUTERS, Intel, Dow Jones, Icahn Enterprises, Citigroup, NYSE, Thomson Locations: U.S, Charlotte , North Carolina, Refinitiv, New York City, Bengaluru
That could shed light on the interest rate outlook, with many traders expecting the Federal Reserve to raise interest rates by 25 basis points this month. S&P 500 company earnings are due to unofficially kick off this week with reports from some big U.S. banks. Analysts expect earnings to have fallen 6.4% in the second quarter from the year-ago period, IBES data from Refinitiv showed. Advancing issues outnumbered decliners on the NYSE by a 2.23-to-1 ratio; on Nasdaq, a 2.06-to-1 ratio favored advancers. The S&P 500 posted 28 new 52-week highs and four new lows; the Nasdaq Composite recorded 59 new highs and 47 new lows.
Persons: Carl Icahn, Quincy Krosby, Janet Yellen, decliners, Johann M Cherian, Saumyadeb Chakrabarty, Shinjini Ganguli, Richard Chang Organizations: Dow, Nasdaq, Reserve, Financial, Intel, Qualcomm, U.S, Treasury, Dow Jones, Icahn Enterprises, Citigroup, NYSE, Thomson Locations: U.S, Charlotte , North Carolina, Refinitiv, Bengaluru
That could shed light on the interest rate outlook, with many traders expecting the Federal Reserve to raise interest rates by 25 basis points this month. "The market is obviously poised for the opening of earnings season," but investors are also hyper-focused on consumer prices and the outlook for interest rates, said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina. S&P 500 company earnings are due to unofficially kick off this week with reports from some big U.S. banks. Analysts expect earnings to have fallen 6.4% in the second quarter from the year-ago period, IBES data from Refinitiv showed. According to preliminary data, the S&P 500 (.SPX) gained 10.97 points, or 0.25%, to end at 4,409.92 points, while the Nasdaq Composite (.IXIC) gained 25.36 points, or 0.19%, to 13,686.08.
Persons: Carl Icahn, Quincy Krosby, Janet Yellen, Johann M Cherian, Saumyadeb Chakrabarty, Shinjini Ganguli, Richard Chang Organizations: Dow, Nasdaq, Reserve, Financial, Intel, Qualcomm, U.S, Treasury, Dow Jones, Icahn Enterprises, Citigroup, Thomson Locations: U.S, Charlotte , North Carolina, Refinitiv, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeather Boushey: U.S. has seen stronger growth than other G7 nationsHeather Boushey, a White House Council of Economic Advisers member, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Heather Boushey, CNBC's Charlotte Reed Organizations: White House Council, Economic Advisers Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023 Rugby World Cup organizer says tournament will have huge economic impactJacques Rivoal, chairman of the 2023 Rugby World Cup Organizing Committee, speaks to CNBC's Charlotte Reed at the Aix-en-Provence economic forum.
Persons: Jacques Rivoal, CNBC's Charlotte Reed Locations: Aix, Provence
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPaschal Donohoe: Inflation picture is improving but journey not completeCNBC's Charlotte Reed speaks to Paschal Donohoe, the president of the Eurogroup, and Laurence Boone, France's minister of state for Europe, at the Aix-en-Provence economic forum.
Persons: Paschal, Charlotte Reed, Paschal Donohoe, Laurence Boone Locations: Europe, Aix, Provence
July 10 (Reuters) - Larry Nassar, the disgraced doctor of USA Gymnastics who was convicted of sexually abusing young female gymnasts, has been stabbed multiple times by another inmate in prison and was in stable condition on Monday, U.S. media reported. Since the Nassar scandal, USA Gymnastics has overhauled its leadership and filed for bankruptcy, saying at the time it was staggering under the weight of lawsuits filed by hundreds of women who were sexually abused by the former team doctor. USA Gymnastics and the U.S. Olympic & Paralympic Committee reached a $380 million settlement. In September 2021, Biles and Maroney were among the high profile Olympic gymnasts who gave heart-wrenching testimony before a U.S. Senate panel about the sexual abuse they endured for years under Nassar's care. At that hearing, the gymnasts blasted the FBI for its mishandling of the investigation, with Biles accusing the bureau of turning a blind eye to all of Nassar's victims.
Persons: Larry Nassar, Penitentiary Coleman, Benjamin O'Cone, O'Cone, Nassar, Joe Rojas, Rebecca Cook, Simone Biles, Aly Raisman, McKayla Maroney, unflinchingly, General Michael Horowitz, Biles, Maroney, Rami Ayyub, Frank Pingue, Doina Chiacu, Alistair Bell Organizations: USA Gymnastics, Federal Bureau of Prisons, U.S, Penitentiary, FBI, CNN, Associated Press, USA, REUTERS, Michigan State University, Olympic, Paralympic, Senate, Biles, Thomson Locations: Florida, Eaton, Charlotte , Michigan, U.S
Dutch PM Rutte says he won't run for fifth term in office
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +1 min
AMSTERDAM, July 10 (Reuters) - Dutch Prime Minister Mark Rutte will not run for a fifth term in office and will leave politics following the elections in November, he said on Monday. Rutte on Friday handed in the resignation of his fourth cabinet after failing to reach agreement on stricter immigration policies. The only answer is the Netherlands," Rutte said in a speech in parliament before a debate on the collapse of the government. Rutte's decision will mark the end of his run as the longest serving government leader in Dutch history. He took over as Prime Minister in October, 2010.
Persons: Mark Rutte, Rutte, there's, Bart Meijer, Toby Sterling, Charlotte Van Campenhout, Toby Chopra, Ed Osmond Organizations: Dutch, Thomson Locations: AMSTERDAM, Netherlands, Rutte
watch nowThe Covid-19 pandemic, rather than Joe Biden's economic policies and stimulus packages, is the "real cause" of high inflation, according to a member of the U.S. President's Council of Economic Advisers. "Had we done that, and the United States' inflation spiked higher than anyone else, well, maybe you could make the case that it was about that policy," Boushey added. "But the reality is, is that that isn't what happened — yes, the United States had inflation, but so did other countries that did not have the same policies." "So the inflation, the real cause was the global pandemic, and that is about the resiliency of our global supply chains." Expanding on her point, Boushey said this was why the U.S. was "making the investments that we need to make."
Persons: Joe Biden's, Heather Boushey, Charlotte Reed, Boushey Organizations: President's, Economic Advisers, American, Congress Locations: Aix, Provence, France, Jan, United States
CNN —Teenage tennis sensation Mirra Andreeva’s dream Wimbledon run ended in controversial fashion on Monday after the Russian was docked a point for throwing her racket. “No, it’s the wrong decision,” Andreeva pleaded with Engzell. “For me, it’s a controversial point because … I don’t know which decision was right,” Andreeva told reporters after the match. “Mirra Andreeva was given a warning and point penalty to go down match point. Andreeva argues with the umpire after being docked a point against Madison Keys at Wimbledon.
Persons: Andreeva, Madison Keys, Louise Azemar Engzell, , ” Andreeva, Engzell, it’s, “ Mirra Andreeva, , Chris Hasek, Watt, Charlotte Wilson, Coco Gauff, Keys, Ekaterina Alexandrova, Monday’s, Anastasia Potapova, Clive Brunskill, Kim Clijsters, Sabalenka Organizations: CNN, Wimbledon, Madison Keys, Australian, Madrid, Netflix, Lawn Tennis, Croquet Club, International Tennis Federation Locations: Russian, Wimbledon, London, Ukraine, Engzell
She entered into a non-prosecution agreement with the DOJ in exchange for cooperating with a probe. A court filing shows Bamber ruined the agreement by harassing colleagues she was helping investigate. A former commodities trader who admitted to wire fraud and price manipulation ruined a non-prosecution agreement she scored after it was revealed she was harassing the former colleagues she was helping to investigate. Charlotte Bamber, a former trader of oil products at Trafigura Group, entered into the non-prosecution agreement with the DOJ in 2020 in exchange for cooperating with a probe into her former employer. Bamber wrote, copying two colleagues under investigation in the same email thread: "One of you will lose everything."
Persons: Charlotte Bamber, Bamber, You'll, Guess Organizations: Trafigura Group, DOJ, FBI, Trafigura Locations: United States
A new North Carolina neighborhood will require residents to fly the US flag. Developer Brock Fankhauser said the community isn't aligned with a political party, local media reported. Homeowners in the new 1776 Gastonia neighborhood, named after its affinity for the country's founding and its locale in Gastonia, North Carolina, will be required to display the American flag in front of their property. "We're handling the American flag like an architectural element," Fankhauser said, per WCNC. The movement is not aligned with any political party, Fankhauser said.
Persons: Brock Fankhauser, pesky, WCNC, Fankhauser, I've Organizations: Service Locations: North Carolina, Wall, Silicon, Gastonia, Gastonia , North Carolina, American
However, it’s fair to say the reality of ‘Wemby’s’ Spurs debut didn’t quite match the expectation as the 19-year-old finished with just nine points on 15.4% shooting in the Spurs’ 76-68 win over the Charlotte Hornets. Wembanyama acknowledged it was a difficult first night for him but called his debut a “special moment.”“It was really special to wear that jersey for the first time,” Wembanyama said. 3 pick in the draft, made his Portland Trail Blazers debut in an enthralling game against the Houston Rockets. Scoot Henderson impressed on his Portland Trail Blazers debut but was forced off with an injury. Injury permitting, next up for these teams is an intriguing clash between Henderson and Wembanyama as the Trail Blazers take on the Spurs on Sunday.
Persons: LeBron James, Victor Wembanyama, Wemby’s, Brandon Miller, Wembanyama, ” Wembanyama, “ It’s, I’m, Miller, Scoot Henderson, Jabari Smith Jr, Tari, Smith Jr, Ethan Miller, Henderson, Jonah Herscu Organizations: CNN, NBA, San Antonio Spurs, Spurs, Charlotte Hornets, , Hornets, Frenchman, Portland Trail Blazers, Houston Rockets, Rockets, Getty, Blazers, ESPN, Injury Locations: Portland
Still, the unemployment rate fell to 3.6% in June from 3.7% in May and average hourly earnings rose 0.4%, the same as May. On Thursday, private payroll provider ADP's strong U.S. labor market data had sparked an equities sell-off and boosted Treasury yields. While Friday's government data was initially met with a more muted market reaction, stocks gained some ground during the session before losing ground again in afternoon trading. The dollar slumped after the labor market data as some traders were betting that the Fed could cut rates sooner than previously expected. The dollar index fell 0.795%, with the euro up 0.73% to $1.0965.
Persons: Mike Segar, nonfarm payrolls, Quincy Krosby, payrolls, Sam Stovall, Stovall, Sterling, Brent, Sinéad Carew, Caroline Valetkevitch, Nell Mackenzie, Naomi Rovnick, Tom Westbrook, Andrew Heavens, David Holmes, Will Dunham, David Evans Organizations: Wall, New York Stock Exchange, REUTERS, Federal, U.S, CFRA Research, Dow Jones, Nasdaq, Fed, Treasury, Thomson Locations: Manhattan, New York City , New York, U.S, Charlotte , North Carolina, New York, London, Sydney
EU strikes deal to boost ammunition production to aid Ukraine
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: 1 min
BRUSSELS, July 7 (Reuters) - The EU will devote 500 million euros to boosting the production of ammunition for Ukraine and to replenish the stocks of EU member countries, it announced on Friday. The European Council and European Parliament representatives struck a provisional agreement overnight and it is expected to enter into force before the end of this month. Under the deal, subsidies will be given to European arms firms to increase their production capacities and tackle identified bottlenecks. The scheme is the third part of a broader EU effort to get more ammunition and arms to Ukraine, particularly 155-millimetre artillery shells, which Kyiv is pleading for as the fight against Russia's invasion has become a war of attrition. Reporting by Charlotte Van Campenhout; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
Persons: Charlotte Van Campenhout, Toby Chopra Organizations: EU, European Council, Thomson Locations: BRUSSELS, Ukraine, EU
EU and Belgium invest $1.6 billion in chip technology firm Imec
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
BRUSSELS, July 7 (Reuters) - The European Union and Belgium's regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. Imec will use the investment to expand its "clean room" test facility with the most advanced equipment and processes, the company said in a statement. Von der Leyen, who was visiting Imec, stressed the EU's stance that it should de-risk its supply chains for chips. While Von der Leyen did not directly address China's planned curbs on exports of strategic metals widely used in the semiconductor industry, she said the EU should reduce its dependency "on too few suppliers from East Asia". ($1 = 0.9195 euros)Reporting by Charlotte Van Campenhout; editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Imec, Jan Jambon, Ursula von der Leyen, Alexander De Croo, Von der Leyen, Charlotte Van Campenhout, Mark Potter Organizations: European Union, Flemish, European, Belgian, Thomson Locations: BRUSSELS, East Asia
And I study higher education, inequality, the internet, and race, class, and gender — all the fun stuff. The Supreme Court decisions are painting a bigger picture of the American dream as one where the scales have been righted back to the original vision of this nation. What we have done is we have voided the 20th century American dream. That is, who will write the new rules for a forward-facing American dream? I do not see a sense of urgency about writing a version of an American dream that appropriately and accurately diagnoses that we’ve lost something here.
Persons: Tressie McMillan Cottom, Roberts, we’ve Organizations: The New York Times, Brown, Swann Schools, Supreme, Democrat, Republican Locations: , Charlotte, Mecklenburg, American
Washington CNN —In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta. By promoting Threads through Instagram, and by sharing Instagram user data with Threads to let people instantly recreate their social networks, Meta has significantly greased the onboarding process. The issue isn’t limited to the realm of social media. Rather than viewing it through the lens of a social media market, one helpful way to look at the issue is from the perspective of the advertising market, he said. That could lead to further antitrust scrutiny for Meta even if the question about competition in social media is ambiguous.
Persons: Elon, Meta, Mark Zuckerberg, , Instagram, Musk, ” Reddit, Alexis Ohanian, Ohanian, Agustin Reyna, Reyna, Adam Mosseri, Geoffrey Manne, ” Manne, Zuckerberg, Manne, Jeff Blattner, Mosseri, Charlotte Slaiman, Organizations: Washington CNN, Meta, Twitter, EU, Google, Center for Law Locations: Europe, Brussels, Portland , Oregon, Washington
CNN —Remnants of Munich’s main synagogue, which was demolished by the Nazis in June 1938, have resurfaced – much to the amazement of the city’s Jewish community. Construction workers in the southern German city made the discovery while working on the renovation of a weir on the Isar river. Bernhard Purin, head of Munich’s Jewish museum, told CNN that he was surprised to hear the news the following day. Rubble from Munich's main synagogue was discovered at a weir on the Isar river. “The demolition of the main synagogue on Hitler’s orders marked the beginning of exclusion, persecution and destruction.
Persons: Bernhard Purin, , , Mordechai Bernstein, Purin, Leonhard Moll, Charlotte Knobloch, Hitler, ” Katrin Habenschaden Organizations: CNN, Jewish Museum Locations: Munich, Germany, Austria, Jewish Museum Munich, Upper Bavaria, Nazi
[1/2] Police talk to Greta Thunberg as they move climate activists from the organization Ta Tillbaka Framtiden, who are blocking the entrance to Oljehamnen in Malmo, Sweden, June 19, 2023. TT News Agency/Johan Nilsson via REUTERS/File PhotoSTOCKHOLM, July 5 (Reuters) - Swedish climate activist Greta Thunberg has been charged with disobeying a police order to leave a climate protest in the southern city of Malmo on June 19, according to daily Sydsvenskan. On the day of the incident, Thunberg wrote in an Instagram post that protesters had blocked the road for oil trucks in Malmo harbour. "The climate crisis is already a matter of life and death for countless people. If convicted for disobeying a police order, Thunberg can be handed a fine or up to six months in prison.
Persons: Greta Thunberg, Johan Nilsson, Thunberg, Charlotte Ottosen, Johan Ahlander, Devika Organizations: Police, TT News Agency, REUTERS, Reuters, Thomson Locations: Oljehamnen, Malmo, Sweden, STOCKHOLM, Swedish
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